Fenrir_
Just doesn't shut up
- Joined
- Oct 6, 2019
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This is nowhere near as troublesome as some (including Lopetegui by the looks of it!) are making out. It seems daunting, but there are quirks of FFP and (that buzz word) amortisation that make it really quite doable. Case in point, a few people remarked that the claim we couldn't take up the option on Semedo because of FFP didn't make sense. We signed him for about £27m on a three year deal, most add ons won't have been triggered so I'll just use the original fee for the example. Amortising the fee over the length of the deal equated to roughly £9m a year, he was in the final year so we 'owed' £9m to pay him off and he'd go for free. Instead we took up the option, and spread that £9m over the length of his new extended contract plus the current season, meaning instead of £9m a year amortisation, he's costing £3m a year to pay off the remainder. A £6m saving towards your FFP black hole (which is why the FFP claim never made much sense)
Traore will likely leave, he's costing £3.6m a year - not as of now he isn't, it's paid, so the amortisation costs for the squad drop again and the pot has gained almost £10m. Neves £26m, he's amortised at around £2.4m a year so a nice £23.6m into the pot now, and £2.4m less on the costs next year (add that to Adama going and Semedo extending, that's £12m off the amortisation costs). Then you have impending monies for the likes of Gibbs-White and we've already almost covered the £50m hole, and all we've done is lost two players we were expecting to lose anyway
From there on, it's a case of being able to spend pretty much what you bring in, but again it's not all that daunting, in no small part to the fact a lot of players have been here a long time and so have a relatively low book value, meaning they're very profitable from a FFP perspective. We could sell Podence (amortisation around £3m) for £10m, bring in a player for £15m on a five year deal, keep the same amortisation costs (and probably wages) and have £7m to put in the FFP pot
When you throw in possible/probable departures and look at what the players cost us according to their amortisation fees rather than overall fee, we should ultimately have plenty of room for movement and some kind of rebuild, just need to shift the players
*await correcting on numerous aspects!
Traore will likely leave, he's costing £3.6m a year - not as of now he isn't, it's paid, so the amortisation costs for the squad drop again and the pot has gained almost £10m. Neves £26m, he's amortised at around £2.4m a year so a nice £23.6m into the pot now, and £2.4m less on the costs next year (add that to Adama going and Semedo extending, that's £12m off the amortisation costs). Then you have impending monies for the likes of Gibbs-White and we've already almost covered the £50m hole, and all we've done is lost two players we were expecting to lose anyway
From there on, it's a case of being able to spend pretty much what you bring in, but again it's not all that daunting, in no small part to the fact a lot of players have been here a long time and so have a relatively low book value, meaning they're very profitable from a FFP perspective. We could sell Podence (amortisation around £3m) for £10m, bring in a player for £15m on a five year deal, keep the same amortisation costs (and probably wages) and have £7m to put in the FFP pot
When you throw in possible/probable departures and look at what the players cost us according to their amortisation fees rather than overall fee, we should ultimately have plenty of room for movement and some kind of rebuild, just need to shift the players
*await correcting on numerous aspects!